Alarum post-earnings selloff a buying opportunity, says Canaccord

Canaccord reiterates a Buy rating on Alarum (ALAR) with a $27 price target following the Q3 report. The firm views the print as a “landmark quarter,” saying Alarum’s strategic pivot toward the artificial intelligence data collection is now yielding “record” sales growth and validates the company’s new product portfolio. Canaccord sees a buying opportunity on the post-earnings selloff. Alarum is “sitting at a critical intersection within AI data pipelines with rapidly ramping customer demand,” it contends.